Contents: Preface -- 1. Introduction -- 2. Road to reform: 1949-1978 -- 3. Reform 1979-1989: how was the market created? -- 4. Reform and political coalition in 1990-2003 -- 5. Stagnation in 2003-2012 -- 6. The post reform period 2012-present -- 7. Lessons learned and long term expectations --...

Purpose This paper aims to study the impact of CEOs' cultural background on corporate innovation. The paper constructs a measure of CEOs' cultural individualism based on their birthplaces and investigates its relationship with firms' patents and citations. The study aims to shed light on the...